Breaking News Instant updates and real-time market news.

2018-03-13 16:10:11

IPAR

Inter Parfums

$47.00

-0.75 (-1.57%)

16:10

03/13/18

03/13

16:10

03/13/18

16:10

Inter Parfums backs FY18 EPS $1.44, consensus $1.43

Backs FY18 revenue $620M, consensus $625.87M. CFO Russell Greenberg says: "Once we purchase the GUESS inventory from the brand's former licensee and determine how long it will take to build new inventory, we plan to increase our 2018 guidance to factor in the GUESS contribution, which we anticipate will begin in the second quarter of the year. Our target date for announcing the expected increase in our sales and earnings guidance to include GUESS is when we announce 2018 first quarter results in May. Thus for the time being, we are maintaining our previously disclosed 2018 guidance which calls for net sales of approximately $620 million and net income attributable to Inter Parfums, Inc. of approximately $1.44 per diluted share."

14

Mar

IPARInter Parfums

$47.00

-0.75 (-1.57%)

01/11/18

DADA

01/11/18UPGRADETarget $51DADABuy

Inter Parfums upgraded to Buy at DA Davidson on momentum in French unit

As reported earlier, DA Davidson analyst Linda Bolton Weiser upgraded Inter Parfums to Buy from Neutral and raised her price target to $51 from $46. Weiser cites the company's French unit, which accounts for over 80% of sales, boosting its FY17 revenue outlook by EUR15M on strong year-end momentum at the firm's main brands. The analyst says Inter Parfums may report an upside sales surprise with Q4 earnings on January 29th and also expects the strength in the Coach for Men brand to carry into the first half of 2018.

01/22/18

SBSH

01/22/18DOWNGRADETarget $52SBSHNeutral

Inter Parfums downgraded to Neutral from Buy at Citi

Citi analyst Wendy Nicholson downgraded Inter Parfums to Neutral citing valuation following the stock's recent rally. The analyst maintains a $52 price target for the shares, which she notes is based on the belief that Inter Parfums should trade at a 100% premium to the market.

BWS Financial analyst Hamed Khorsand said Inter Parfums' (IPAR) licensing deal with Guess (GES) came as somewhat of a surprise, noting that the latter has been using Coty (COTY) for fragrances since 2010. This deal affirms his bull case that Inter Parfums management is not complacent and is looking for growth opportunities, said Khorsand, who added that he believes the company is still looking for more transactions like its acquisition of Rochas. He keeps a Buy rating and $56 price target on Inter Parfums.